Attractive Investment Opportunities in the Food Processing Industry in Vietnam

Investment in Vietnam - Facing growing domestic consumption needs due to population growth and living standards, the food processing industry requires to be expanded and much more paid attention. Growth of the industry is considered to have great potential and development prospects in the future, so its investment opportunity is extremely large.
Attractive Investment Opportunities in the Food Processing Industry in Vietnam

Status of investment in processing industry is limited

Despite ownership of abundant agricultural raw materials, Vietnam's most products were exported to the foreign market, mainly in its natural state. In addition to that although the FDI situation in Vietnam increases every year, actually the capital flows poured into this sector is not really much.
Up to the end of October 2017, 128 countries and territories registered to invest in Vietnam, total registered capital of nearly US$ 313 billion with 24,199 projects. However, the food processing sector only attracted over US$ 4 billion with 295 projects. The leading FDI projects in this field are Singapore with 62 projects, total registered capital of US$ 1.58 billion. South Korea is ranked second with 61 projects, registered capital is approximately US$ 1 billion ... Binh Duong is the province with many FDI projects in food processing, followed by Ho Chi Minh City and Long An.

Processing industry future forecast in Vietnam

There are plenty of room for food processing and manufacturing market, especially in dairy, beverage, confectionery, cooking oil. For the dairy sector,  The demand is forecast to increase to 27-28 liters / person / year by 2020; Confectionery consumption is projected to increase by 10% a year compared to the regional average of 3% per year and the world average of 1-1.5% per year. The vegetable oil industry currently consumes an average of 12 kg / person / year. It is forecast that by 2020, consumption will reach 17 kg / person / year. Besides the domestic market, the potential for exploiting and processing foodstuffs for export. Overseas is also very large.

Why you should invest this industry in  Vietnam?

Firstly, with stable economic growth, Vietnam is now an attractive destination for foreign investors, especially in the food industry with the presence of many investors, many big brands.

Secondly, Vietnamese agricultural products are diverse and abundant
Vietnam is the world's leading exporter of agricultural and marine products. Vietnam also has a lot of potential to develop the food processing industry thanks to its rich source of raw materials and unique specialties.

Thirdly, Vietnam is currently a member of economic organisations and international forums, including WTO, ASEAN, ASEM, and APEC, and has signed bilateral trade agreements with the US, Japan, and South Korea. Furthermore, Vietnam has become a member of the Trans-Pacific Partnership Agreement (TPP), opening numerous opportunities for Vietnamese economic development.... Accordingly, the export enterprises will enjoy many advantages from trade policies from countries, especially considerable reduction the tax on many goods.

Finally, the sectors in the food processing industry are particularly being received investment incentives from departments, branches of the government such as producing machinery, tools, equipment for agricultural, forestry, fishery, salt production, food processing machines; production and refining of animal feed, building and upgrading of slaughtering facilities, preservation of poultry processing ...
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